As part of our Voice of the Customer (VoC) interview series, Stefano Pecorari, Client Success Director at Wonderflow, welcomes Ron Jacobs, Brand Licensing product professional at Philips.
Philips is a Dutch multinational founded in 1891 as a lighting company and later expanded to medical equipment, consumer electronics, and domestic appliances. The company is headquartered in Eindhoven. Later, it moved to Amsterdam in 1997.
Nowadays, Philips is focused mainly on the health tech continuum. Its mission is to improve the health and well-being of its consumers through meaningful innovation. Philips Brand Licensing is a division of Philips that aims to accelerate the process of brand building by giving brand licensed partners access to its collection of recognized brands and faster time-to-market.
Ron has been with the global market leader for over 20 years, has worked in the Brand Licensing division for nearly a decade, and worked for the TV business before that. Ron is also a current member of Philips IP&S Netherlands works council, plus a background in electrical engineering.
We’re grateful to share Ron’s unique insights to help other industry leaders understand how businesses like Philips continuously thrive in an ever-changing world while ensuring a superior customer experience.
Read on to learn more!
Ron: Within Philips, we believe that data is the future. It will be possible to predict diseases in patients when analyzing data collected from many other ‘comparable’ persons, for instance.
Within Brand Licensing (BL), my team’s information about licensed products becomes increasingly important because the number of brand licenses is growing, and so is the number of brand licensed products. It is not possible anymore to process all that information just by hand.
Ron: From a BL perspective: the amount of available data is increasing. We need to know how the brand licensed products perform in the market to prevent brand damage, and better-reviewed products usually mean higher sales.
Ron: In the past, with fewer partners and products, we could just manually process some of the information about our products available online. Times have changed. We need a tool that not only collects the data but also analyzes it and even proposes possible product improvements automatically to spend our time better.
Ron: From just reading available reviews online and feedback to our brand license partners to giving the partners direct access to the analytics to drive product improvement quicker themselves.
Ron: To translate customer feedback into actionable things. Consumer care is still too much focused on helping people answer product questions and repairing defective products. At the same time, we believe that this knowledge is better used to improve the next generation of products.
Ron: The insight that more, and especially better-reviewed, products really drive sales!
Ron: Customers writing feedback might want to be heard. Ignoring that and just taking the feedback for granted can sometimes leave a customer even more unhappy. You’ll need to close the loop.
Ron: We are still in an early phase. In the end situation, we would like our brand license partners to have access to the data analysis, take action on product improvement and just report the results to us instead of us steering the license partners.
Ron: As online sales boomed, the opportunity for online ratings and reviews grew and will never return to the level before COVID. So we need to embrace online R&R as there are fewer sales in real shops, which is where we could consult the salespeople on the consumer experience.
Ron: We are still not in an end state. So currently, the most used feature is the current rating and the rating trend. The desired end state would be that the Wonderboard improvement recommendations are taken into the product improvement processes at our brand license partners without any effort from our end.
Wonderflow empowers businesses with quick and impactful decision-making because it helps automate and deliver in-depth consumer and competitor insights. All within one place, results are simplified for professionals across any high-UGC organization, and department to access, understand, and share easily. Compared to hiring more analysts, Wonderflow’s AI eliminates the need for human-led setup and analysis, resulting in thousands of structured and unstructured reviews analyzed within a matter of weeks and with up to 50% or more accurate data. The system sources relevant private and public consumer feedback from over 200 channels, including emails, forums, call center logs, chat rooms, social media, and e-commerce. What’s most unique is that its AI is the first ever to help recommend personalized business actions and predict the impact of those actions on key outcomes. Wonderflow is leveraged by high-grade customers like Philips, DHL, Beko, Lavazza, Colgate-Palmolive, GSK, Delonghi, and more.
Other articles you might like:
Wonderflow's Business Intelligence Research · Nov 24, 2022
Improving Sentiment Analysis: Star Rating Vs. Sentiment Index
In this article, Wonderflow’s Business Intelligence analysts shed more light and clarity on Star Rating and the Sentiment Index score, two very important metrics in sentiment analysis. This may help our readers, particularly current users, understand better why analyzing star rating alone, for example, is not enough to understand what customers want and need and to achieve product success. What is the first thing you do when looking for a product on Amazon? You…
Marketing · Nov 11, 2022
Pet Care Industry: Trends & Growth to Help Improve VoC Programs
When it comes to our furry (feathery, scaly – you name it) friends, brands and consumers alike will do their utmost to satisfy them. In fact, the global pet care market has seen astounding spikes in sales in recent years, particularly during the COVID-19 pandemic. In this article, we look at the ever-growing and competitive world of pet care. In particular, we examine how the 2020 pandemic affected the market and what global trends have…
Market Research · Oct 12, 2022
VoC Analysis: What Are Consumers Really Saying About Tires?
Wonderflow’s Business Intelligence team conducted an original market analysis of the tire industry, including a cross-country comparison. Using our very own advanced natural language processing technology, we’ve uncovered several key trends and insights that tire brands, manufacturers, and marketers can leverage to create effective strategies and improve the consumer experience. In the world’s most advanced countries, on average, 65% of the population owns a car. Vehicle owners living in the U.S. reach 87%. Most…